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“# Surge in Bitcoin energy consumption sparks debate in crypto community ” The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency. According to the latest data from Digiconomist’s Bitcoin…
“# Gas fee proposal could create ‘positive feedback loop’ for ETH price: Grayscale ” Institutional crypto fund manager Grayscale Investments believes the introduction of the proposed EIP-1559 fee and burn mechanism could create “a positive feedback loop for Ether’s price” should network activity continue to increase on Ethereum. That’s because the proposal could result in…
“# China could shut down Bitcoin for $7B a year, says Logica Capital chief strategist ” Michael Green, chief strategist and partner at investment advisory firm Logica Capital, sounded the alarm about China’s Bitcoin (BTC) mining dominance during a debate with crypto proponent Anthony Pompliano. The discussion between the Bitcoin skeptic and the Bitcoin bull…
“# Analyst: Chinese New Year could drive Bitcoin selling pressure ” The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis. Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling…
“# IoT growth, partnerships, ease of mining drive Helium (HNT) price higher ” Helium (HNT) is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes. Since July, 2020, Helium’s native token (HNT) has increased 550% in value from $0.35 to a…
“# Bitmain’s Antminer says Bitcoin rig sales won’t be affected by CEO departure ” Bitcoin (BTC) mining rig manufacturer Bitmain has issued a notice to customers stating that business operations will resume as normal in light of former chairman and CEO Jihan Wu’s departure from the company. Orders of Bitmain’s ASIC mining rigs were previously…
“# Bitmain CEO announces departure in the most crypto way ” The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company. The now former CEO and Chairman of Bitmain sent out an…
“# Time for a crypto GPU? Gamers and miners spar over scarce top hardware ” The rise of cryptocurrencies over the past few months, especially with the onset of 2021, has certainly catapulted the crypto niche into the mainstream. While traders buy and sell and try to calculate how much this or that currency has…
“# Digital Currency Group’s crypto mining arm enters top 10 global mining pools ” Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break…
“# Driving to the moon? HODLer installs portable mining rig in BMW ” Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Times, Byrne purchased a BMV i8 hybrid vehicle retailing…